Higher-income earners can minimise the impact of the federal government's budget tax hikes and welfare cutbacks by deferring income, prepaying expenses and possibly splitting superannuation contributions with their spouse, according to tax experts.
Four weeks might not seem like a long time but what you do this month could have a significant impact on your upcoming tax bill or refund. Yes, June 30 is rolling around again and along with getting your shoebox out and paperwork organised, the coming weeks represent a last-chance opportunity to organise your affairs to save on tax.
AS soon as Wayne Swan finished delivering his budget speech on Tuesday, the nation's accountants and financial advisers had began thinking of ways to mitigate tax hikes and welfare cutbacks suffered by their clients. The government constantly tweaks the rules, but tax planners always adapt.
WHILE the May budget has cut back some of the tax benefits of using trusts, legislation introduced into federal parliament this week will provide much needed certainty for the 1.5 million Australians who are beneficiaries of these investment vehicles.
Like many landlords, Cleo Glyde always believed property investing was a reliable way to make money – it's stable, simple and it comes with hefty tax breaks. Now she's not so sure.
An essential money-saving resource for every Australian who pays tax – updated for the 2020-2021 tax year and including the latest COVID-19 pandemic government relief measures.

comments-rhsLatest Comments

  • " I was diagnosed of herpes in 2019 and I tried all possible means to get cure but all to no avail until i saw a post in a health forum about a herbal doctor from Africa who prepare herbal medicine..."

    By: Bobby Liam at Jan 23, 2025 3:08AM

    Post: Unusual work from home expense you can claim a tax deduction for

  • " I was diagnosed of herpes in 2019 and I tried all possible means to get cure but all to no avail until i saw a post in a health forum about a herbal doctor from Africa who prepare herbal medicine..."

    By: Bobby Liam at Jan 23, 2025 1:21AM

    Post: Beware of phishing scam email from "ATO"

  • "I have been suffering from Herpes for the past 3 years and 8 months, and ever since then i have been taking series of treatment but there was no improvement until i came across testimonies of..."

    By: James Williams at Jan 22, 2025 5:17PM

    Post: Beware of phishing scam email from "ATO"

  • "I understand the anger and stress that comes with losing money through investment scams. They robbed me of about half a million dollars. Fortunately, I have some contacts who connected me to an..."

    By: teddy banks at Jan 22, 2025 4:21AM

    Post: Beware of phishing scam email from "ATO"

  • "I already gave up on ever getting cured of HSV2 because i have try many treatment none of them work out for me i have gone to different hospital they always tell me the same thing there is no cure..."

    By: david at Jan 22, 2025 2:40AM

    Post: Beware of phishing scam email from "ATO"